Today’s data revealed that US Pending Home Sales dropped 1.3% in April. According to analysts from Wells Fargo, severe inventory shortages continue to restrain home buying. Key Quotes: “Contract signings for existing home sales fell 1.3 percent in April and are now down 2.1 percent annualized compared to last year. March pending sales were also revised up slightly to 0.6 percent. “The monthly series remains volatile, with this past month’s decline following two months of gains. Demand does not appear to be the problem, however. Sales continue to be held back by a severe lack of inventory, particularly in the West. “While low inventories are restraining sales across much of the country, the problem is most acute in the West, where pending sales have now declined every month going back to October 2017. “ FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canada to impose retaliatory measures against US steel, aluminum and other products FX Street 5 years Today's data revealed that US Pending Home Sales dropped 1.3% in April. According to analysts from Wells Fargo, severe inventory shortages continue to restrain home buying. Key Quotes: "Contract signings for existing home sales fell 1.3 percent in April and are now down 2.1 percent annualized compared to last year. March pending sales were also revised up slightly to 0.6 percent. "The monthly series remains volatile, with this past month's decline following two months of gains. Demand does not appear to be the problem, however. Sales continue to be held back by a severe lack of inventory, particularly in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
